Nidec: Fiscal 4Q23 Financial Results

(in ¥ million)	4Q22	4Q23	FY22	FY23
Revenue	594,026	593,514	2,242.824	2,348.202
*Growth*		*-0%*		5%
Profit before income taxes	48,393	9,218	202.919	120.540

Nidec Corp. announced its financial results for fiscal year ended March 31, 2024.

Notably specialist of small motors, it is by far the WW leader in spindle motors for HDDs (but also for optical disc drives) with a market share surpassing 70%, with Minebea among competitor.

Revenue of these devices reach ¥78.608 million in FY24 vs. ¥78.462 in FY23, or perfectly flat Y/Y.

The figures are ¥19,041 in 4FQ23 and ¥22,512 in 4FQ24 – or up 18.2% Y/Y – , with operating profit ¥12,992 and ¥7,451, respectively, because of increased demand on HDDs for servers.

Small Precision Motors:
Sub-Segment Results and Y/Y Changes
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The company forecasts global revenue of ¥2,400,000 million for FY25, or +2% compared to FY24.